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meritus minerals ltd (MER) Details

Meritus Minerals Limited acquires, explores, evaluates, and develops mineral resource properties in Mongolia and Australia. It primarily focuses on the exploration of gold and base-metals. The company’s properties include the Gutain Davaa property consisting of one exploration license located in Mongolia; and the Homestead property comprising 4 mining leases covering 320 hectares located in Queensland, Australia. Meritus Minerals Limited was incorporated in 2005 and is headquartered in Vancouver, Canada.

Founded in 2005

meritus minerals ltd (MER) Top Compensated Officers

Chief Executive Officer, President and Direct...
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Corporate Secretary
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Compensation as of Fiscal Year 2014.

meritus minerals ltd (MER) Key Developments

Meritus Minerals To Tranfer Listing From TSX-V To NEX

In accordance with TSX Venture Policy 2.5, Meritus Minerals Ltd. has not maintained the requirements for a TSX Venture (TSX-V) Tier 2 company. Therefore, effective at the opening on February 13, 2014, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of February 13, 2014, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from MER to MER.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the Exchange Bulletin dated August 7, 2013, trading in the shares of the Company will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.

Meritus Minerals Ltd Receives Positive Results from Preliminary Metallurgical Tests of Primary Ore at Gutain Davaa Project

Meritus Minerals Ltd. announced that it has received the results of preliminary metallurgical testing of the primary mineralization from the Toordogiin Shil Prospect at Gutain Davaa. A series of tests including gravity, cyanide leach and flotation was carried out. The initial results indicate that: with fine grinding to 100% passing 150 microns up to 91.6% of gold content was recovered using a 24 hour leach in cyanide solution; from an 80% passing 75 micron grind flotation tests recovered up to 92% of gold content into a concentrate. Recovery from the concentrate was up to 94.3% of gold in the concentrate in 12 hours; and gravity tests results are disappointing due to the fine particle size of the gold. Methodology: The test work was carried out by Vismutin Co. Ltd. in their laboratory in Ulaan Baatar, Mongolia. After grinding and homogenizing the composite sample the following test work was undertaken: Fire assay and multi element analysis by ICP and XRF of two samples (Head Assays 2x 1kg); Mineralogical studies (1 sample 1kg); Bond Impact Crushing Work Index test (8 specimens of core); Bond Ball Mill Work Index Determination (9 samples); Grinding time determination (4 x 1kg samples); Gravity recovery of gold (2 samples X 10kg); Hydrometallurgical tests ­ cyanide leaching (8 x 1kg samples); Batch flotation tests (12 samples x 1kg).


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